Next you will mention the date. The next stage is the body paragraphs. In the body paragraph you are supposed to state why do you intend to buy the business? What synergies can be created from takeover and how can you grow the business in future? What is the price range you are willing to pay for the business? Who are the people who intend to buy the business? These are some of the basics things you will be required to mention. letters of intent can be altered according to the user's requirements.
The Letter of Intent is not binding, and rather silly at the worst of times. An LOI by definition only registers intent to purchase, and it specifies this intent weakly, and due to its ambiguity should be avoided.